by Whet Moser on September 24th 2008 - 12:43 p.m.
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Tags: Tifs, Central Loop TIF
The Central Loop TIF is gonna die. It seems like good news to Greg Hinz, but I can't help expecting other shoes to drop. Ben Joravsky's 2006 piece on the Central Loop TIF is essential background reading.



The irony is, of course, that ridiculous ploys like the Central Loop district TIF are the reason we're in the red $400 million dollars (and likely much more).
In light of the escalating price tag of the Michael Reese site and continuing mass transit woes, expect more of Daley's charades masked as a mayor looking our for his constituents. The common theme here, as usual, is the Olympics. Angry, unemployed union workers and angry El train and bus riders aren't good for business - when your business is brown nosing the IOC.
Maybe Ben was wrong all along - the Olympic pipe dream is resulting in good government (insert sarcastic chuckle here).